Kids are gr8 I think: attending good public schools with favorable demographics and good influences, lots of extracurricular activities in the community, tons of outdoorsy excursions such as hiking, camping, nature. Great museums and exposure to diverse culture. Skiing in winter. Problem is cost of living. Reasonable sized housing for a family of 4 and a dog IMO is 3/2 1800 sqft with yard and garage on 5000sqft lot. Thats hitting 1.5M+ in my hood right now. So buying is out of the question. Right now I'm renting a 3/2 condo for 3650, so, as a lifetime renter, over next 10 years were are talking about 500-600K in rent alone if you factor in increases. How does one save for retirement? college for kids?
Problem with most of south america is infrastructure and security. These are things that here in the states we take for granted.